SCENARIO 3-3 The Ordered Array Below Represents the Number of Vitamin Supplements

question 144

Short Answer

SCENARIO 3-3
The ordered array below represents the number of vitamin supplements sold by a health food store in
a sample of 16 days.
19, 19, 20, 20, 22, 23, 25, 26, 27, 30, 33, 34, 35, 36, 38, 41
Note: For this sample, the sum of the values is 448, and the sum of the squared differences between
each value and the mean is 812.
-Referring to Scenario 3-3,the third quartile of the number of vitamin supplements sold in this sample is_____ .

---

Definitions:

International Product Life Cycle

A theory that describes how a product matures and declines as it moves through different stages globally, from introduction to decline.

Mature Phase

The stage in a product, business, or industry lifecycle where growth stabilizes and is no longer rapid.

Less-Developed Countries

Nations with a lower standard of living, underdeveloped industrial base, and low Human Development Index (HDI) relative to other countries.

Neo-Mercantilist

A modern economic policy that embraces government intervention to increase exports, discourage imports, and accumulate foreign currency reserves, inspired by mercantilism.